Ironwood Investment Counsel LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,276 shares of the company’s stock after selling 13,834 shares during the period. Mondelez International makes up 1.4% of Ironwood Investment Counsel LLC’s investment portfolio, making the stock its 20th biggest holding. Ironwood Investment Counsel LLC’s holdings in Mondelez International were worth $3,427,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Simmons Bank boosted its holdings in Mondelez International by 0.3% in the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock worth $269,000 after purchasing an additional 20 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its holdings in Mondelez International by 0.4% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after acquiring an additional 30 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in Mondelez International by 0.4% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after acquiring an additional 38 shares during the period. Linscomb & Williams Inc. boosted its holdings in Mondelez International by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock valued at $580,000 after acquiring an additional 39 shares during the period. Finally, Needelman Asset Management Inc. boosted its holdings in Mondelez International by 0.3% during the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 75.86% of the company’s stock.
A number of equities research analysts have issued reports on the stock. UBS restated a “buy” rating and set a $51.00 price target on shares of Mondelez International in a report on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating and set a $53.00 price target on shares of Mondelez International in a report on Tuesday, October 3rd. Sanford C. Bernstein restated an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a report on Wednesday, September 20th. Susquehanna Bancshares set a $45.00 price target on shares of Mondelez International and gave the company a “hold” rating in a report on Monday, October 30th. Finally, BMO Capital Markets restated a “buy” rating and set a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $49.40.
Mondelez International, Inc. (NASDAQ MDLZ) opened at $43.11 on Tuesday. The company has a market cap of $64,139.13, a PE ratio of 20.94, a PEG ratio of 1.77 and a beta of 0.98. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. Mondelez International, Inc. has a 52-week low of $39.19 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. sell-side analysts forecast that Mondelez International, Inc. will post 2.14 EPS for the current fiscal year.
In other news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lewis W. K. Booth acquired 1,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by corporate insiders.
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Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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